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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Accounting for Share-Based Compensation
The following table summarizes share-based compensation expense (in thousands):
December 31,
201820172016
Share-based compensation expense as a component of:
Research and development expenses$8,352 $14,235 $8,836 
General and administrative expenses12,494 10,680 10,057 
$20,846 $24,915 $18,893 
Schedule of Stock Option Plan Activity
Following is a summary of our stock option plan activity and related information:
 
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term in
Years
Aggregate
Intrinsic
Value
(In  thousands)
Balance at December 31, 20171,876,332 $53.17 5.77$157,340 
Granted228,362 162.00 
Exercised(358,162)55.24 
Forfeited(10,228)114.53 
Balance at December 31, 20181,736,304 66.71 5.47125,858 
Exercisable at December 31, 20181,313,374 47.03 4.56117,314 
Options vested and expected to vest as of December 31, 20181,734,304 $66.71 5.47$125,858 
Schedule of Stock Option Plan Activity by Exercise Price Range
Following is a further breakdown of the options outstanding as of December 31, 2018:
 
Range of exercise prices
Options
outstanding
Weighted
average
remaining  life
in years
Weighted average
exercise price
Options
exercisable
Weighted average
exercise price
$8.58 - $10.05184,702 1.87$10.00 184,702 $10.00 
$10.12 - $12.8146,510 2.9211.40 46,510 11.40 
$14.47 - $14.47217,616 3.1114.47 203,616 14.47 
$16.14 - $17.8838,790 0.1716.36 38,790 16.36 
$21.92 - $21.92200,372 4.1321.92 200,372 21.92 
$32.00 - $56.26182,767 5.7050.38 174,470 50.10 
$63.58 - $67.5320,434 5.4467.42 20,153 67.47 
$74.42 - $74.42190,825 5.1274.42 190,825 74.42 
$85.79 - $100.38299,282 7.5793.32 157,872 91.62 
$101.15 - $195.91353,006 8.79148.50 96,064 131.77 
1,734,304 5.47$66.71 1,313,374 $47.03 
Schedule of Stock Option Weighted-Average Assumptions
The assumptions used for the specified reporting periods and the resulting estimates of weighted-average grant date fair value per share of options granted:

 Year Ended December 31,
 201820172016
Risk-free interest rate2.7%-3.0%2.0%-2.2%1.3%-1.9%
Expected volatility33%-36%43%-47%48%-50%
Expected term5.1 to 5.8 years6.5 to 6.8 years6.6 to 6.7 years
Schedule of Restricted Stock Activity
The following is a summary of our restricted stock activity and related information:
 
Shares
Weighted-Average
Grant Date Fair
Value
Outstanding at December 31, 2017133,294 $91.60 
Granted62,133 169.92 
Vested(61,989)86.19 
Forfeited(1,165)125.16 
Outstanding at December 31, 2018132,273 $130.63